- Pipit Global has announced a new offer for cash transfers out of the UK, delivered alongside the financial services provider Waripay, with a specific focus on locations such as Africa and the Middle East.
- Customers can now use PayPoint locations across the country, of which there are over 28,000, to make transactions.
- The firm’s chief executive officer said that the company was in the process of creating a network with those organisations that are able to offer cash-sending functions.
Financial services organisation Pipit Global has announced a cross-border payments collaboration with a fellow provider in the field.
Pipit Global said that it will develop the service alongside Waripay to help people send money home for lower fees.
It is specifically designed for transfers that revolve around cash, the firm said.
It allows customers to add cash to their e-banking wallets and to do other financial tasks from across borders, such as settling bills for loved ones back home.
According to a press release from the firm, it will now be possible for customers based in the UK to send cash home to places such as the Middle East, Africa and India using their service.
A transaction through Pipit can be enabled at stores that are part of the PayPoint system.
There are currently 28,000 such locations around the country.
From there, the user will be provided with a receipt.
The service is, according to the company, safe and secure.
In a statement, Pipit’s chief executive officer Ollie Walsh said that the company recognised the need and desire among some online money transfer customers to use cash.
Walsh added that the firm was engaging with various partner organisations that can help work with cash payments.
“We are building a global network of payment partners who recognise that for a growing segment of our society, cash is the main means of managing their finances,” he said.
“Together we are building the technology to allow them to use their cash in the digital marketplace in increasingly secure and cost-effective ways.”
Walsh also spoke about another partnership that the firm has enjoyed.
He said that over the last year, Pipit’s collaboration with fintech firm Zeepay had seen the company capture a strong market share of transfers being sent from Britain to Ghana.
“In the past 12 months, through our partnership with Zeepay, 1.5% of the total UK-to-Ghana remittance has moved through the Pipit platform, and we expect this figure to keep growing as more customers trust the platform and enjoy the lower costs of sending money back home,” he explained.
The company added that its overall partnership framework was looking strong, and that it had more than 1,000 billing partners on its books in 58 developing nations around the world.
If you would like to find out more about the world of online money transfers and how they can help you, check out this link and read some reviews of other providers in the sector.
